A16Z
Layer-2 Builder Espresso Systems Raises $28,000,000 in Andreessen Horowitz-Led Funding Round
The blockchain infrastructure project Espresso Systems has raised $28 million in a Series B funding round led by investment giant Andreessen Horowitz (a16z). Espresso aims to increase interoperability between Ethereum (ETH) rollups by building a marketplace where rollups can sell the right to build their blocks to bidders. Rollups are solutions that execute transactions outside […]
The post Layer-2 Builder Espresso Systems Raises $28,000,000 in Andreessen Horowitz-Led Funding Round appeared first on The Daily Hodl.
Venture Capital Giant Andreessen Horowitz Pumps $100,000,000 Into Team Behind Ethereum Restaking Protocol
Venture capital giant Andreessen Horowitz has invested $100 million in the development team behind EigenLayer, a restaking protocol built on Ethereum (ETH). Ali Yahya, a general partner at Andreessen Horowitz (also known as a16z), predicts that the EigenLayer will expand Ethereum’s capabilities. “EigenLayer is a set of smart contracts on Ethereum that creates a two-sided […]
The post Venture Capital Giant Andreessen Horowitz Pumps $100,000,000 Into Team Behind Ethereum Restaking Protocol appeared first on The Daily Hodl.
A16z General Partner Chris Dixon Says Media ‘So Clearly Wrong’ About Crypto – Here’s Why
Chris Dixon, a general partner at investment giant Andreessen Horowitz (a16z), thinks the media and certain traditional investors are “clearly wrong” about the crypto sector. In a recent interview on the Bankless podcast, Dixon argues that a lot of high-profile crypto critics must have “stopped doing research” after first hearing about crypto king Bitcoin (BTC) […]
The post A16z General Partner Chris Dixon Says Media ‘So Clearly Wrong’ About Crypto – Here’s Why appeared first on The Daily Hodl.
Executive at $35,000,000,000 Investment Firm Says Crypto Nearing Its ‘iPhone Moment’ – Here’s What He Means
Chris Dixon, general partner at investment giant Andreessen Horowitz (a16z), says that the crypto industry may be approaching its “iPhone” phase of adoption. In a new interview with Laura Shin on the Unchained Podcast, Dixon references the evolution of the smartphone in the mid-2000s when the iPhone finally delivered a product that would eventually lead […]
The post Executive at $35,000,000,000 Investment Firm Says Crypto Nearing Its ‘iPhone Moment’ – Here’s What He Means appeared first on The Daily Hodl.
Ripple, Coinbase, a16z invest $78M in pro-crypto PAC ahead of US elections
Prominent cryptocurrency companies and investors intend to support pro-cryptocurrency candidates during the 2024 U.S. election cycle.
Ripple CEO Brad Garlinghouse has publicly announced the company’s intent to support “pro-crypto’ candidates during the 2024 United States election season. The company is among a group to have pledged a total of $78 million to support the Fairshake political action committee (PAC).
Fairshake announced that prominent industry firms and players had contributed to a significant “war chest” to back candidates who support American crypto and blockchain innovation and responsible regulation in the upcoming 2024 elections.
The list includes individuals like Coinbase CEO Brian Armstrong, Tyler and Cameron Winklevoss, Circle, Coinbase, Kraken, Messari and Andreessen Horowitz (a16z).
a16z reveals lobbying plan: Throw money at tech-forward politicians
Ben Horowitz, one of the firm’s founders, has pledged to support any politician that helps push crypto and AI technology forward.
Venture capital firm Andreessen Horowitz (a16z) is hoping to push pro-crypto and AI regulation forward with seemingly new strategy: Throwing money at politicians.
“If a candidate supports an optimistic technology-enabled future, we are for them. If they want to choke off important technologies, we are against them,” wrote Ben Horowitz, one of the firm’s founders, in a Dec. 14 post, adding:
Horowitz said it would be the “first time” a16z pursues the lobbying route to promote tech-friendly politicians. However, it reportedly held a fundraiser for a New York congressman in October 2022, according to Forbes.
Bitcoin new high set for late 2024, Binance to lose top spot, predicts VanEck
Next year will see Binance lose its leadership position, a U.S. recession, new stablecoin market cap highs and a new peak price for Bitcoin, according to asset manager VanEck.
Bitcoin (BTC) will hit a new all-time high in late 2024 on the backdrop of a long-feared United States recession and regulatory shifts after the next U.S. presidential election, asset manager VanEck predicts.
On Dec. 8, VanEck made 15 crypto predictions for 2024, including price forecasts, timings of a spot Bitcoin ETF launch, the impact of the Bitcoin halving, and emerging dominant crypto platforms.
Magazine: Asia Express: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0
Former Andreessen Horowitz execs launch Bastion after $25M funding round
The Web3 startup came out of stealth mode after a seed funding round led by a16z crypto, enabling firms to integrate web3 infrastructure into their existing enterprise technologies.
Two former executives from Andreessen Horowitz (a16z)’s crypto division have managed to raise $25 million in seed funding for their newly launched Web3 startup Bastion — despite the recent drought in venture capital funding.
On Sept. 18, the new firm, Bastion, announced the launch of its product suite. The firm’s goal is to enable companies to integrate Web3 infrastructure into their existing enterprise technologies.
Bastion was co-founded by two former executives with a16z’s crypto division, including former chief technology officer Riyaz Faizullabhoy and former chief security officer Nassim Eddequiouaq who left the firm in April.
The $25 million funding round was led by their former employer, a16z crypto. Nomura Group’s Laser Digital Ventures, Robot Ventures, Aptos Ventures, and Alchemy Ventures, were also investors in the seed funding round.
In a statement, Bastion said the funding will be used to scale company operations, recruit top engineering talent, and secure additional licensing to further diversify its product offerings.
Bastion co-founder Faizullabhoy added that the successful funding round came despite an ongoing crypto winter.
“It was clear that even as crypto came back down into another bear market, this time crypto is very much here to stay.”
Crypto venture funding has fallen dramatically this year. According to DefiLlama, there was just $283 million in fundraising in August. This is down 68% from the $877 in crypto venture funding in February.
Related: Andreessen Horowitz exec sees ‘promising paths’ for Web3 social platforms
Bastion will offer custody services, digital asset transactions, and wallets.
Bastion co-founder Eddequiouaq commented, “We founded Bastion to enable businesses to onboard their products and end-users into a web3 environment without the complicated, overwhelming experience we know today.”
While Arianna Simpson, general partner of a16z crypto said, “We believe in Nass and Riyaz’s vision of making web3 safe and accessible for companies in every industry and are extremely excited to support them in making it a reality.”
Earlier this month, a16z led a funding round for blockchain-based intellectual property (IP) ownership platform Story Protocol which raised $54 million.
In June the firm announced the opening of a new London office amid ongoing regulatory pressure in the United States.
Magazine: 6 Questions for Kei Oda: From Goldman Sachs to cryptocurrency
$7,600,000,000 Venture Capital Firm Expands to the UK, Says Crypto Can Only Succeed With Clear Regulatory Regime
US-based venture capital firm Andreessen Horowitz (a16z) says that it is expanding to the United Kingdom (UK) because crypto regulations are clearer there. In a new announcement, Chris Dixon, the founder of Andreessen’s $7.6 billion a16z crypto fund, says that crypto can only succeed where governments are establishing clear rules for digital assets. The announcement […]
The post $7,600,000,000 Venture Capital Firm Expands to the UK, Says Crypto Can Only Succeed With Clear Regulatory Regime appeared first on The Daily Hodl.